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intermediate accounting 212

Tutorial # 00079163
Number of words in this Tutorial: 3950
Posted On: 07/24/2015 01:24 AM
Posted By: solutionshere
Tutorial Preview …a xxxxxx of xxxxxxxxxx obsolescence b) x change in xxx pattern xx xxxxxxxxx the xxxxxxxxx future benefits xxxx an asset xx To xxxxxxx xx the xxxxxxxxxxxx method prevalent xx a particular xxxxxxxx d) x xxxxxx in xxx estimated future xxxxxxxx from the xxxxx Save xxxxxxxx xx (3 xxxxxxx Question 13 xxxxx Which of xxx following xxxxxxxxxxx xxxxxxxxxxxx would xxxxx net income xx be more xxxx cash xxxx xxxxxxxxx activities? xxxxxxxx 13 options: xx A decrease xx the xxxxxxxx xxxxxxxxxx account xx An increase xx the merchandise xxxxxxxxx account xx xx increase xx the accounts xxxxxxx account d) xx increase xx xxx accrued xxxxx payable account xxxx Question 14 xx points) xxxxxxxx xx Saved xxxxx of the xxxxxxxxx investments should xx classified xx xxxx equivalents xxx Lastima Company xx preparing the xxxxxxxxx of xxxx xxxxxx 1 xxxxxx of stock xx Lastima Company x A xxxxxxxxx xxxxxxxx note xxxxxxxxx by Lastima xxxxxxx when only x months xxxxxxxx xx the xxxxxx term 3 xxxxx in a xxxxx market xxxx xxxxxxxxx by xxxxxxx Company; the xxxx purchases only xxxxxxxxxx grade xxxxxxxxx xxxx instruments xxxx maturities of x months or xxxx 4 x xxxxxxxx treasury xxxx purchased by xxxxxxx Company when xxx treasury xxxx xxx issued, xxxxx now has xxxx 2 months xxxxxxxxx in xxx xxxx Question xx options: a) xx 3 b) xx 4 xx xx 3, x d) 1, xx 3, 4 xxxx Question xx xx points) xxxxxxxx 15 Saved xxxxxx the combination xxxx best xxxxxxxx xxx appropriate xxxxxxxxxxxxxx of cash xxxxxxxx from operating, xxxxxxxxx and xxxxxxxxx xxxxxxxxxx Operating xxxxxxxxx Financing Question xx options: a) xxxx paid xx xxxxxxxxx Sale xx operational assets xxxxxxxx of bonds xxxxxxx b) xxxxxxxxx xxxxxxxx Cash xxxx by customers xxxxxxxx of bonds xxxxxxx c) xxxx xx operational xxxxxx Dividends received xxxx paid by xxxxxxxxx d) xxxxxxxx xx bonds xxxxxxx Sale of xxxxxxxxxxx assets Dividends xxxxxxxx Save xxxxxxxx xx (3 xxxxxxx Question 16 xxxxx Under the xxxxxx method, xxxxx xxx of xxx following would xxxxxxxxx cash paid? xxxxxxxx 16 xxxxxxxx xx Losses xx sales of xxxxx assets b) xxxxx on xxxxx xx plant xxxxxx c) Interest xxxxxxxx adjusted for xxxxxxx in xxxxxxxx xxxxxxx and xxxxxxxxxxxx of bond xxxxxxx or discount xx Depreciation xxxxxxxx xxxxxxxx for xxxxxxx in depreciation xxxxxxx Save Question xx (3 xxxxxxx xxxxxxxx 17 xxxxx Choose the xxxxxxxxxxx below that xxxx reflects xxx xxxxxxxxxxx classification xx cash received xxxx investing and xxxxxxxxx activities xxxx xxxxxxxx from xxxx Received from xxxxxxxxx Activities Financing xxxxxxxxxx Question xx xxxxxxxx a) xxxx of treasury xxxxx Proceeds from xxxxxxx common xxxxx xx Sale xx treasury stock xxxx of investment xxxxxxxxxx c) xxxx xx investment xxxxxxxxxx Proceeds of xxxxxxx common stock xx Proceeds xxxx xxxxxxx common xxxxx Sale of xxxxxxxxxx securities Save xxxxxxxx 18 xx xxxxxxx Question xx Saved At xxx beginning of xxx year, x xxxx leased xxxxxxxxx on a xxxxxxx lease, capitalizing xxxxxxx in xxxx xxx lease xxxxxxxxx and leased xxxxxx accounts The xxxxxxxx calls xxx xxxxxxxx 31 xxxxxxxx of $15,000 xxx lessee’s annual xxxxxxxxx period xxxx xxxxxxxx 31 xxx the contract xxxxxxxx 10% interest xxx lessee xxxx xxx first xxxxxxx as required xxx direct method xxxxxxxxx of xxxx xxxxx for xxx lessee should xxxxxxx which of xxx following xx xxx first xxxx of the xxxxx contract (ignore xxxxxxx disclosures)? xxxxxxxx xx options: xx $15,000 financing xxxx outflow b) xxxxxxx operating xxxx xxxxxxx c) xxxxxx operating cash xxxxxxxx $9,000 financing xxxx outflow xx xxxxxx financing xxxx outflow Save xxxxxxxx 19 (3 xxxxxxx Question xx xxxxx Melville xxxxxxx reported sales xx $700,000, bad xxxx expense xx xxxxxxxx and xx increase in xxx accounts receivable xx $150,000 xxxxxx xxx current xxxx What is xxx amount of xxxx collected xxxx xxxxxxxxx for xxx current year xx the company xxx not xxxxxx xxx write-offs xxxxxx the current xxxxx Question 19 xxxxxxxx a) xxxxxxxx xx $590,000 xx $610,000 d) xxxxxxxx Save Question xx (3 xxxxxxx xxxxxxxx 20 xxxxx Assume cash xxxx to suppliers xxx 2014 xx xxxxxxxxx that xxxxxxxxxxx inventory increased xx $20,000 during xxx year, xxx xxxx cost xx goods sold xxx $415,000 for xxx year xxxxxx xxxxx accounts xxxxxxx must have xxxxxxxx 20 options: xx increased xx xxxxxx b) xxxxxxxxx by $5,000 xx increased by xxxxxxx d) xxxxxxxxx xx $15,000 xxxx Question 21 xx points) Question xx Saved x xxxx sold xx investment in xxxxxxxxxx available for xxxx originally xxxxxxx xxxxxxxx for xxxxxxx At the xxxxxxxxx of the xxxxx the xxxxxxxxxx xxx a xxxxxxxxx allowance of xxxxxxx debit What xx the xxxxxxx xxxxxxxxxx for xxxxx events in xxx statement of xxxx flows xxxxxxxx xxxxx the xxxxxx method, assuming xxxx is the xxxx investment xx xxxxxxxxxx available xxx sale? Question xx options: a) xxxxxxx investing xxxx xxxxxxx add xxxxxxx in the xxxxxxxxxxxxxx of earnings xxx net xxxxxxxxx xxxx flow xx $28,000 investing xxxx inflow; add…
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